US Patent Issued to Intercontinental Exchange Holdings on Nov. 3 for "Systems and methods for converting live weather data to weather index for offsetting weather risk" (Texas, Massachusetts Inventors)

ALEXANDRIA, Va., Nov. 3 -- United States Patent no. 12,784,108, issued on Nov. 3, was assigned to Intercontinental Exchange Holdings Inc. (Atlanta).

"Systems and methods for converting live weather data to weather index for offsetting weather risk" was invented by Stephen John Mitchell (Houston) and Charles Gabriel Harris (Cambridge, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for converting live weather data to a weather index for offsetting weather risk. Weather data source systems generate one or more weather data streams that include weather forecast model and observations data. A data distribution system receives a weather index request, identifies at least one instrument an...